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Personal Finance (Not Investing) • QCD in 2026 - basic questions

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There was some confusion when the law was first passed. I believe the consensus is that the new tax deduction will be handled similarly to how the CARES act era charitable deduction was and it will be a deduction from Total Income, thereby reducing AGI.
Thanks. I remember some of the earlier discussions and some online articles stating it would be below the line, like the new senior deduction. Thanks for the update and thanks Lis7 for the link to the tax foundation article.
Perhaps we might trust the US Code more than the Tax Foundation. ;)

See 26 U.S. Code § 63 - Taxable income defined | U.S. Code :
“taxable income” means adjusted gross income, minus—
...
(4) the deduction provided in section 170(p)....
Section 170(p) is the $1000/$2000 charitable contribution deduction.

In other words, it's below the line.

Statistics: Posted by FiveK — Fri Dec 12, 2025 12:38 am — Replies 9 — Views 681



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